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Your budget should be a tool to move your community to action, and as such, it is important to follow some guidelines. Below are eight tips for preparing a budget that works.

Choosing a vendor is a decision that should only be made once you're re sure you've done your research. Here's a list of reasons why it makes more sense to go with a top-level vendor...even if it costs a little more.

Rental management. Association management. It's all the same thing, right? Wrong! You need to know the difference between the two.

Nothing lasts forever…and you need to have a plan to replace major items and systems before their useful lifespans end. How do you create that plan? Start with a quality reserve study.

If you are a high-rise Board member, resident or property owner looking for the peace of mind that insurance provides, make sure you have the correct coverage. Follow our guidelines!

Reserve studies are vital to the success of your association, which is why partnering with the right reserve study firm is critical. Here are some tips to help you find a reserve study firm.

Every community experiences a transition from the developer to the newly independent Board of Directors. Here is a property management turnover checklist to make yours a success.

Discover some things that your management company should be doing to maximize your operating budget and keep your association fiscally fit.

A proper budget is the cornerstone of any business, and a condominium or homeowners association is no exception. Budget season is here, and boards are in high gear planning.

Your fiduciary responsibility is the most important commitment to fellow homeowners. Learn cost containment strategies that can save your association money.

The COVID-19 pandemic is presenting unique challenges to shaping a solid 2021 budget. Is your association budget on target to meet your short-term goals and help achieve your long-term vision?

When your association has to invest in its property, whether for repairs or a new construction project, the financing for that work must be considered as carefully as the work itself.

Your budget should be a tool to move your community to action, and as such, it is important to follow some guidelines. Below are eight tips for preparing a budget that works.

Learn ways your association can offset the financial impact of the COVID-19 pandemic.

Ready to trade in your gas card for some time at the charging station? If so, you'll join those who have made the switch from gasoline-powered vehicles to plug-in electric vehicles (PEVs).

Electric cars have arrived and there has been a surge of plug-in electric vehicle (PEV) purchases driving the need for charging stations. What does this mean for your association?

Nothing lasts forever and you need to have a plan to replace major items and systems before their lifespans end. How do you create that plan? Start with a quality reserve study.

Reserve studies are vital to the success of your association, which is why partnering with the right reserve study firm is critical. Here are some tips to help you find a reserve study firm.

Discover some things that your management company should be doing to maximize your operating budget and keep your association fiscally fit.

High-rise living has many perks, and high on that list is the amenities. For many home buyers, amenities can be the deciding factor when determining to buy a unit in one building over another.

It’s that time of year again – budget season is upon us. You know the things to consider when creating your budget, but what drives your process? Are you focused on achieving a particular vision for your community? Avoiding conflict in the community? Solely looking to avoid increasing dues?

Cold weather will soon be upon us, so now is the time for your homeowner association (HOA) to make sure your maintenance program is on track. As brutal as Chicago winters can be, you certainly don't want to discover a leak in your roof during a heavy snowfall or have a boiler stop working during a record cold spell. Don't get caught in the cold!

You may not be able to control rising utility rates, but your condo or homeowners association (HOA) can take measures to make your energy budget go a lot further. Just follow the four strategies described in this article. They’ve already worked for many Illinois properties managed by FirstService Residential.